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Expansion and contraction of the monetary supply by central banks is critical to preventing financial disasters. Cryto subverts this. Not to mention making t
by fnord77 7y ago
Expansion and contraction of the monetary supply by central banks is critical to preventing financial disasters. Cryto subverts this.
Not to mention making transactions harder and not easier.
- rphlx 7y agoIn the US the evidence for a central bank PhD Politburo "preventing" or even "minimizing" financial disasters is dubious at best. Financial panics in the 19th century were generally shorter, less frequent, and probably effected the avg citizen much less, than 1929/1937/1970s/2000/2008.